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Stock impact report

Indian stocks end at more than six-week high on HDFC boost [Reuters]

Unilever PLC (UL) 
US:NYSE Investor Relations: unilever.com/investor-relations
Company Research Source: Reuters
Indian stocks end at more than six-week high on HDFC boost BENGALURU (Reuters) - Indian shares hit a more than six-week closing high on Wednesday, driven by an HDFC-led rally in financials, while improved global mood over the easing of some lockdowns helped market sentiment. Though India’s own stringent restrictions remain largely in place, signs of lockdowns easing in Europe and the United States and a return to business in Asia, have bolstered stock markets globally this week. The NSE Nifty 50 index .NSEI closed 1.84% higher at 9,553.35, marking its longest gaining streak in over a month, while the benchmark S&P BSE Sensex .BSESN ended up 1.89% at 32,720.16. Non-banking lender Housing Development Finance Corporation Ltd ( HDFC.NS ) closed up 7.05% and was the biggest boost to the indexes, while HDFC Bank Ltd ( HDBK.NS ) jumped 4.91%. Consumer goods giant Hindustan Unilever Ltd ( HLL.NS ) slipped 2.54% after Bloomberg reported that GlaxoSmithKline Plc ( GSK.L ) was preparing Show less Read more
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